1. Overview of Micropayment Technology
Student
Fabio Alexandre Rodrigues ID
Supervisor
DR Josef Pieprzyk
Micropayments is basically payments transactions for small amount of money (replacing wallet cash) and with a small cost per transactions
ITEC810
28/04/2019

2. Agenda Introduction Micropayment Characteristics
Basic View of Micropayment Schemas
PayWord Schema
Singapore Public Transport - Case Study
Emerging Micropayments
Conclusion
ITEC810
28/04/2019

3. 1. Introduction Problem Goals Increased popularity of micropayments
(+50% by Hi-Media, 2009)
Social acceptability is growing especially for young generations
Difficulty to trace criminals
Weakness confirmed by real-life security violations
Goals
Review of existing and emerging micropayment system
Analysis of their strengths and weaknesses
Discussion of social aspects of micropayments
Case study analysis
>Electronic environment makes difficult to trace criminals;
>Records of micropayments violations;
>Young generation is more technology oriented as in some cultures
ITEC810
28/04/2019

4. Agenda Introduction Micropayment Characteristics
Basic View of Micropayment Schemas
PayWord Schema
Singapore Public Transport - Case Study
Emerging Micropayments
Conclusion
ITEC810
28/04/2019

5. 2. Micropayment Characteristics
Untraceability
Anonymity
Scalability
Security
Double Spending Detection
Validation
Token Based or Account Based
ITEC810
28/04/2019

6. 2.1 Micropayment Characteristics
ITEC810
28/04/2019

7. 2.2 Micropayment Characteristics
ITEC810
28/04/2019

8. Agenda Introduction Micropayment Characteristics
Basic View of Micropayment Schemas
PayWord Schema
Singapore Public Transport - Case Study
Emerging Micropayments
Conclusion
ITEC810
28/04/2019

9. 3. Basic View of Micropayment Schemas
Customer’s View
Withdrawing
Payment
Vendor’s View
Deposit (Rendemption)
Financial Agent’s View
Withdraing
Deposit
ITEC810
28/04/2019

10. Agenda Introduction Micropayment Characteristics
Basic View of Micropayment Schemas
PayWord Schema
Singapore Public Transport - Case Study
Emerging Micropayments
Conclusion
ITEC810
28/04/2019

11. 4. PayWord Schema Certifying Phase Commitment Payment Phase
Deposit Phase
Growing trends to services using these mechanisms also impacts on the user acceptability
ITEC810
28/04/2019

12. Agenda Introduction Micropayment Characteristics
Basic View of Micropayment Schemas
PayWord Schema
Singapore Public Transport - Case Study
Emerging Micropayments
Conclusion
ITEC810
28/04/2019

13. 5. Singapore Public Transport
EZ-Link RFID card
Successful Micropayment Project with more than 8 Million Cards
Smart Fare Calculation for Buses and Trains
Easy Operation on the Gates
EZ-Link CEPAS Card, New Generation
Type of EZ-Link
Standard Card
Identification
Concession
Use of the Cards
Trains, Buses, Boats, Taxis, Fast Food, Schools’ Canteen, School Attendance, so on.
ITEC810
28/04/2019

14. 5.1 Singapore Public Transport
ITEC810
28/04/2019

15. Agenda Introduction Micropayment Characteristics
Basic View of Micropayment Schemas
PayWord Schema
Singapore Public Transport - Case Study
Emerging Micropayments
Conclusion
ITEC810 – 2nd semester 2009
28/04/2019

16. 6 Emerging Micropayments
Mobile Payments (expectation of growing 10 x )
Existing Types of Implementations:
SMS – Short Message Service
NFC – Near Field Communication
Mobile billing account
Social Network Payment
Facebook credit (expecting income for 2009 about $500m)
Twitter with Twitpay schema
ITEC810
28/04/2019

17. Agenda Introduction Micropayment Characteristics
Basic View of Micropayment Schemas
PayWord Schema
Singapore Public Transport - Case Study
Emerging Micropayments
Conclusion
ITEC810
28/04/2019

18. 7 Conclusion Reviewed Existing and Emerging Micropayment Solutions
Analyzed a Case Study: Singapore
Social Aspects of a New Technology
Less and Most Promising Micropayment
. What I have done here
. Implementation Problems off risk, Technical Solutions Affecting Security, Efficiency and User Acceptability
ITEC810 – 2nd semester 2009
28/04/2019